"What did we learn from the Madoff ordeal? At the very least, we
learned Ponzi schemes eventually become impossible to hide, no matter
how smart and cunning the perpetrator.
Wednesday of this week, we learned that the Federal Reserve’s Ponzi scheme of printing paper money and giving it to the government via the purchase of U.S. Treasuries will go on."
Not much more can the economy sustain this reckless behavior by the Obama Administration. Yes previous Administrations have done similar, but not to this extent. Peter has said the wheel will come off in the next 3-5 years if I am remembering correctly. Me? I give it until maybe mid-2015. Then we are all in a world of hurt.
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